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lewis loaned karl $25,000 who made payments for seven years but then st…

Question

lewis loaned karl $25,000 who made payments for seven years but then stopped before the total amount had been paid. a year later lewis filed suit. the statute of limitations in the state is six years for these types of claims.

Explanation:

Brief Explanations

The statute of limitations in the state for these types of claims is six years. Karl stopped making payments and a year later Lewis filed suit, meaning the suit was filed after the statute - of - limitations period. In legal matters, if a claim is filed after the statute of limitations has expired, the defendant can use this as a defense.

Answer:

Karl can likely use the statute - of - limitations as a defense against Lewis' lawsuit.